Office space 224m2 in city centre
This is a well-appointed office space in the city center of Nicosia. This resale opportunity offers an impressive internal space of 224 m2, perfect for businesses looking to establish their presence in a dynamic environment.
The office, built in 2005, features a modern layout that optimizes functionality while maintaining comfort. With its south-east facing orientation, the space is bathed in natural light, providing a welcoming atmosphere for employees and clients alike. This fully furnished office boasts a stylish interior and includes access to a basement for car parking.
The offered property is located in close proximity to Nicosia's city centre. The property is situated on the sixth floor within a high-rise building, occupying one of the best spots in the heart of the city. Nicosia's buzzing city centre hosts a vast number of organizations and businesses including a large majority of the public sector's service offices and enterprises. The property's location allows for a short drive time to the highway through Limassol Avenue and enjoys easy access to all other areas in Nicosia. Convenience and retail stores, cafes, bars, restaurants and all amenities the city centre has to offer are within walking distance.
The office includes two toilets and a kitchenette as well as a reception area and walk in wardrobe. Additionally, the property has exclusive rights over four covered parking spaces. Technical Specifications Fixtures and fittings include double glazed windows, high-end glass partitions, light fittings and ducted A/C split units. Fire detection and fire alarm systems are installed in all areas as well as security alarm and intercom system.
The offices are currently let to the same tenant since 2005 with a current rental income of €3,800 per month under a tenancy agreement due for renewal annually in July 2025. Under the current rental premium, the property offers a 6.1 % return on investment.
The property is registered to a company with no other assets, activities or obligations. The property is offered for sale via the sale of the company’s shares, whereby no Land Registry Office stamp duties become payable.
Call Monday Square now and secure a better return on your capital!
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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